How much will social security payment companies and individuals pay in 2023?

In 2023, the contributions of social security payment companies and individuals are as follows:

1. Old-age insurance: general units pay 20% of the average monthly salary of enterprise employees, and individuals pay 8% of the average monthly salary;

2. Medical insurance: units pay basic medical insurance according to the sum of all employees' salary bases 10%, and individuals generally pay 2% of the average monthly salary;

3. Work injury insurance: the unit pays 0.3 to 2% of the total wages of employees in the previous year, and individuals do not pay;

4. Unemployment insurance: the unit pays 2% of the total salary of the unit, and the employees pay unemployment insurance premium at 1% of their salary;

5. Maternity insurance: the unit pays 0.8% of the wages and benefits due to employees, and the individual does not pay. However, there are differences in the proportion of social security payment in different regions, and the data published by each region shall prevail.

The proportion of social security contributions includes:

1, endowment insurance: 8% for enterprises and 8% for individuals;

2. Medical insurance: enterprises and individuals each bear the proportion of 2%;

3. Unemployment insurance: enterprises and individuals each bear the proportion of 0.5%- 1%;

4. Work-related injury insurance and maternity insurance: fully borne by the enterprise.

To sum up, the proportion of social security is different from the base and amount of social security contributions, which is determined according to the actual salary of individuals and the actual operating income of enterprises. The specific amount may be different according to different regions and different policies.

Legal basis:

Article 12 of the Social Insurance Law of People's Republic of China (PRC)

The employing unit shall pay the basic old-age insurance premium according to the proportion of the total wages of its employees stipulated by the state, and record it in the basic old-age insurance pooling fund.

Employees shall pay the basic old-age insurance premium in accordance with the proportion of wages stipulated by the state and record it in their personal accounts.

Individual industrial and commercial households without employees, part-time employees who have not participated in the basic old-age insurance in the employing unit and other flexible employees who have participated in the basic old-age insurance shall pay the basic old-age insurance premiums in accordance with state regulations and record them in the basic old-age insurance pooling fund and individual accounts respectively.